Cyprus is a beta test. The banksters are trying to commit bank robbery
in broad daylight, and they are eager to see if the rest of the world
will let them get away with it. Cyprus was probably chosen because it
is very small (therefore nobody will care too much about it) and because
there is a lot of foreign (i.e. Russian) money parked there. The IMF
and the EU could have easily bailed out Cyprus without any trouble
whatsoever, but they purposely decided not to do that. Instead, they
decided that this would be a great time to test the idea of a "wealth
tax". The government of Cyprus was given two options by the IMF and the
EU - either they could confiscate money from private bank accounts or
they could leave the eurozone. Apparently this was presented as a "take
it or leave it" proposition, and many are using the world "blackmail"
to describe what has happened. Sadly, this decision is going to set a
very ominous precedent for the future and it is going to have ripple
effects far beyond Cyprus. After the banksters steal money from bank
accounts in Cyprus they will start doing it everywhere. If this "bank
robbery" goes well, it will only be a matter of time before depositors
in nations such as Greece, Italy, Spain and Portugal are asked to take
"haircuts" as well. And what will happen one day when the U.S.
financial system collapses? Will U.S. bank accounts also be hit with a
"one time" wealth tax? That is very frightening to think about.